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directly at odds with house speaker john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that could leave rates the same but cap deductions for high-income earners. is that something that's acceptable? >> no. >> not at all no, way? >> no. the preponderance made it very clear in his campaign that there are not enough -- what you just described is a formula and a blueprint for hampering our future. you cannot go forward -- you have to cut some investments. if you cut too many you are hampering growth, you're hampering education, investments for the future. >> and even thousands of miles away it appears president obama is still focused on those negotiations. while touring a royal monastery with secretary of state clinton in thailand the president was overheard mentioning the budget talks to a monk. the president later clarified his comments -- >> he's not any monk. >> no. >> he has some big i vestments in the stock market. >> he later clarified his comments at a news conference. >> yes, we were working on
. give the middle class their tax cuts, speaker boehner. cut it loose so they can go christmas shopping, senator mcconnell. it's what the people voted for. that's why they voted for me. that's the president talking. we are joined now by nbc's chief white house correspondent chuck todd. thanks for joining us tonight. this was a hot pressure cooker press conference and you were in the middle. let's talk about the president's tactic. it looks like he's got one. here he is sticking out his message of defending the middle class today, sticking to it. he practically dared the republicans to hold tax cuts for the middle class hostage. he went back to that word hostage. let's take a look. >> the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. i hope republicans in the house come on board, too. we should not hold the middle class hostage while we debate tax cuts for the wealthy. the most important step we can take right now, i think the foundation for a deal that helps the economy, creates jobs, gives consumersty, wh
connell, who's the senate minority leader, he's taking a tougher stand than even boehner. let's listen to both of those positions. >> let's be clear. an opening bid of $1.6 trillion in new taxes just isn't serious. it's more than simpson/bowles or any other bipartisan commission has called for. it's been unanimously rejected in the house and senate. it's twice as much as the white house agreed to last summer during the debt ceiling talks, and looked at in the context of the spending cuts yet to be implemented, it amounts to about 20 cents in cuts for every new dollar in tax hikes. in other words, no cuts at all. it's a joke. a joke. >> we right away say 98% of americans are not going to see their taxes go up. 97% of small businesses are not going to see their taxes go up. if we get that in place, we are actually removing half of the fiscal cliff. half of the danger to our economy is removed by that single step. >> okay. so is it a joke, or as the democrats would say, the math isn't adding up? let's look at the issue of deficit reduction. the democrats say the -- let's say if you cut loopholes
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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